Boston Manulife: Market expectations for Fed rate cuts are too aggressive

Nathan Thooft, senior portfolio manager at Manulife Investment Management in Boston, said that given that the U.S. economy is still relatively good compared to the rest of the world, the market's expectations for the Fed to cut interest rates are too aggressive. Therefore, he expects the dollar's future decline to be limited and does not have enough confidence to make large currency bets. (Jinshi)